Ken Fisher Fisher Asset Management
Ken Fisher is the founder and executive chairman of Fisher Investments, a global money management firm overseeing billions of dollars in assets. He gained early recognition for pioneering the use of the price-to-sales ratio in stock analysis and wrote the long-running “Portfolio Strategy” column in Forbes. Over the years, Fisher has authored numerous books on investing and wealth management, many of which have become bestsellers.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BAY
BAYER AG SPONS ADR
BAY
|
+$294M |
| 2 |
Alibaba
BABA
|
+$112M |
| 3 |
Infosys
INFY
|
+$57.7M |
| 4 |
HDFC Bank
HDB
|
+$57.1M |
| 5 |
TTM
Tata Motors Limited
TTM
|
+$49.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Royal Bank of Canada
RY
|
+$428M |
| 2 |
BHP
BHP
|
+$107M |
| 3 |
Rio Tinto
RIO
|
+$55.7M |
| 4 |
Qorvo
QRVO
|
+$52.2M |
| 5 |
OUTR
OUTERWALL INC
OUTR
|
+$43.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 22.33% |
| 2 | Financials | 21.46% |
| 3 | Healthcare | 14.86% |
| 4 | Technology | 13.07% |
| 5 | Consumer Discretionary | 7.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Toyota
TM
$235B
| $631M | 1.23% |
4,715,564
+77,229
| +2% | +$10.6M |
|
27
Procter & Gamble
PG
$337B
| $607M | 1.18% |
7,761,386
+112,072
| +1% | +$9.02M |
|
28
TSMC
TSM
$2.25T
| $604M | 1.17% |
26,614,379
+1,937,553
| +8% | +$46.2M |
|
29
Novartis
NVS
$261B
| $595M | 1.16% |
6,756,978
+71,888
| +1% | +$6.59M |
|
30
Qualcomm
QCOM
$194B
| $592M | 1.15% |
9,445,883
+114,633
| +1% | +$7.82M |
|
31
Intel
INTC
$544B
| $589M | 1.14% |
19,357,696
+194,010
| +1% | +$6.27M |
|
|
FLGE
32
DELISTED
Credit Suisse FI Large Cap Growth Enhanced Exchange Traded Notes
FLGE
| $563M | 1.09% |
4,632,366
-91,594
| -2% | -$11.5M |
|
33
UBS Group
UBS
$167B
| $563M | 1.09% |
26,544,881
+1,036,709
| +4% | +$21.7M |
|
34
HSBC
HSBC
$361B
| $538M | 1.05% |
13,468,033
+46,731
| +0.3% | +$1.95M |
|
35
PepsiCo
PEP
$186B
| $487M | 0.95% |
5,219,851
+96,237
| +2% | +$9.2M |
|
36
GSK
GSK
$96.4B
| $480M | 0.93% |
9,226,697
+621,033
| +7% | +$35M |
|
37
Lloyds Banking Group
LYG
$86.8B
| $466M | 0.91% |
85,779,696
-705,117
| -0.8% | -$3.67M |
|
38
Oracle
ORCL
$433B
| $457M | 0.89% |
11,335,348
+180,515
| +2% | +$7.83M |
|
39
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$11.3B
| $441M | 0.86% |
14,411,372
+332,553
| +2% | +$10.2M |
|
|
40
HDFC Bank
HDB
$120B
| $437M | 0.85% |
28,877,280
+3,931,480
| +16% | +$57.1M |
|
41
Cisco
CSCO
$442B
| $425M | 0.83% |
15,466,776
+134,590
| +0.9% | +$3.86M |
|
42
SAP
SAP
$238B
| $420M | 0.82% |
5,977,601
+51,688
| +0.9% | +$3.83M |
|
43
Coca-Cola
KO
$380B
| $400M | 0.78% |
10,205,546
+67,256
| +0.7% | +$2.74M |
|
44
Merck
MRK
$355B
| $389M | 0.76% |
7,164,701
+164,586
| +2% | +$9.23M |
|
45
ExxonMobil
XOM
$683B
| $374M | 0.73% |
4,489,891
+61,156
| +1% | +$5.26M |
|
46
SLB Ltd
SLB
$83.2B
| $365M | 0.71% |
4,239,723
+69,566
| +2% | +$6.28M |
|
|
47
Infosys
INFY
$44.8B
| $343M | 0.67% |
43,334,462
+7,101,006
| +20% | +$57.7M |
|
48
Chevron
CVX
$420B
| $341M | 0.66% |
3,531,944
+48,826
| +1% | +$5.13M |
|
49
Barclays
BCS
$89.5B
| $306M | 0.59% |
19,935,225
+961,582
| +5% | +$14.5M |
|
50
iShares MBS ETF
MBB
$38.9B
| $297M | 0.58% |
2,733,215
+73,048
| +3% | +$8M |
|
Similar funds
Ken Fisher's Q2 2015 Portfolio in Review
As of Q2 2015, Ken Fisher held 665 positions worth $51.4B, up 2.8% from $50B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Ken Fisher's Q2 2015 filing shows 61 new, 277 increased, 210 reduced and 34 closed positions. Its largest new stake was Alibaba: 1,306,608 shares worth $107M. The largest sale was Royal Bank of Canada, an estimated $428M.
By sector, the portfolio is most concentrated in Miscellaneous at 22% of assets, up from 22% a quarter earlier, followed by Financials and Healthcare.
- Ken Fisher's largest Q2 2015 buy was Alibaba: 1,306,608 shares worth $107M.
- Ken Fisher added most to BAYER AG SPONS ADR in Q2 2015, an estimated $294M increase.
- Ken Fisher's biggest Q2 2015 reduction was Royal Bank of Canada, cutting an estimated $428M.
- Ken Fisher fully exited OUTERWALL INC in Q2 2015, selling an estimated $43.9M.
- Ken Fisher's ten largest holdings make up 22% of its $51.4B portfolio in Q2 2015.
- Ken Fisher opened 61 new positions and closed 34 in Q2 2015.
- Ken Fisher's portfolio value rose 2.8% quarter-over-quarter to $51.4B.
Based on Fisher Asset Management's 13F filing for Q2 2015, filed 17 Jul 2015.